Blue Star Capital plc Issue of Equity (9338D)

TIDMBLU

RNS Number : 9338D

Blue Star Capital plc

01 July 2019

Blue Star Capital plc

("Blue Star" or the "Company")

Issue of Equity

Blue Star Capital plc (AIM: BLU), the investing company with a focus on technology and its applications within media and gaming, is pleased to announce that it has raised GBP250,000 (before expenses) through the issue of 250,000,000 new ordinary shares at a price of 0.10 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").

Tony Fabrizi (Chief Executive Officer of Blue Star), and Sean King (Non-Executive Director of Blue Star) have each invested GBP12,000 as part of the Placing. Following the Placing, Tony Fabrizi's holding in the Company will be 42,000,000 shares, representing 1.9% of Blue Star's so enlarged share capital. Sean King's holding in the Company will be 18,250,000 shares, representing 0.8% of Blue Star's so enlarged share capital.

The proceeds of the Placing are intended to be used principally for working capital purposes and to give the Company flexibility to look at new investment opportunities in the future.

Application will be made for the new ordinary shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on or around 4 July 2019.

The new ordinary shares will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares.

Following Admission, the total number of ordinary shares in issue will be 2,242,582,852. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 2,242,582,852. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Directors' participation in the Placing is deemed to be a Related Party Transaction for the purposes of Rule 13 of the AIM Rules. Mr William Henbrey, being the sole independent director of the Company for the purposes of the Directors' participation in the Placing, considers, having consulted with the Company's Nominated Adviser, that the Directors' participation is fair and reasonable in so far as the Shareholders are concerned.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 Blue Star Capital plc                                                   [phone] 
 Tony Fabrizi 
 
 Cairn Financial Advisers 
  LLP                                                                    [phone] 
 (Nominated Adviser) 
 Jo Turner / Liam Murray 
  / Richard Nash 
 
 Smaller Company Capital 
  Limited                                                                [phone] 
 (Broker) 
  Rupert Williams/Jeremy 
  Woodgate 
                                                                                               ----- 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
----  ---------------------------------------------------------------------------------------------- 
 a.    Name                              a) Anthony Fabrizi 
                                          b) Sean King 
                                   ----------------------------------------------------------------- 
 2     Reason for notification 
      ------------------------------------------  -------------------------------------------------- 
 a.    Position/Status                   a) Chief Executive Officer 
                                          b) Non-Executive Director 
      ---------------------------  ----------------------------------------------------------------- 
 b.    Initial notification/        Initial 
        Amendment 
      ---------------------------  ----------------------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------------- 
 a.    Name                         Blue Star Capital plc 
      --------------------------- 
 b.    LEI                                213800Y6XGR31P2LKT12 
      ---------------------------  ----------------------------------------------------------------- 
 4     Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
----  ---------------------------------------------------------------------------------------------- 
 a.    Description of               Ordinary Shares 
        the financial 
        instrument, type             GB00B02SSZ25 
        of instrument 
 
        Identification 
        Code 
      ---------------------------  ----------------------------------------------------------------- 
 b.    Nature of the                Placing 
        transaction 
      ---------------------------  ----------------------------------------------------------------- 
 
 c.    Price(s) and volume(s)              Price(s)               Volume(s) 
      ---------------------------------   ---------------------                --------------------- 
                                               a) GBP0.0010       12,000,000 
          b) GBP0.0010                                             12,000,000 
   ------------------------------------------------------------  ------------ 
 
 d.    Aggregated information 
        - Aggregated Volume           n/a 
        - Price 
      ---------------------------  ----------------------------------------------------------------- 
 e.    Date of the transaction      28/06/2019 
      ---------------------------  ----------------------------------------------------------------- 
 f.    Place of the transaction     UK 
      ---------------------------  ----------------------------------------------------------------- 
 
 

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July 01, 2019 02:00 ET (06:00 GMT)